Newspaper Page Text
New Series—Vol. IY—No 22
THE BUILDING AND
LOAN ASOCIATION
Its PL ns, Purposes, Benefits and Opportunities Set
Forth in Detail by One of the Projectors.
The News presents below a timely
ami thoughtful interview with
Thomas H. Milner Esq., relative to
the proposed Cartersville Building
and Loan Association. Mr. Milner is
attorney for the corporators and has
given careful thought to the details.
His views cannot fail to interest
our readers. When asked to explain
the objects of the association Mr.
Milner said:
“The Cartersville Building and
Loan Association is to be purely
local, confining its operations to the
oity and county. The constitution
and by laws, which I have prepared
after a caieful study of the subject,
propose a plan which will prove
interesting to those desiring to
build, in that it will enable men of
limited means to secure comfortable
homes at a monthly cost of less than
rental; it will be a desirable invest
ment for those wishing to save small
sums of money monthly; it will afford
a safe place for the idle capital of
investors; and, by conferring, as it
does, a preference on the home-buil
der or one who desires to improve
his property, it will serve to upbuild
and make our city a city of homes.”
“What is the cost of stock?”
“Upon subscribing the subscriber
pays his first installment, which is
fifty cents per share, and thereafter
he pays the same amount each month
until the amount so paid in by him,
together w.th the dividends of the
association, equals the sum of #100;
at which time his stock matures and
#IOO will be repaid to him by the
association on each share.”
“How long will it take to mature
the stock?”
“That will depend on the success
of the association. Dalton, our
neighboring city, has an association
of like character which is now ma
turing stock regularly in eight years.
Luring the sixteen years of its exist
ence it has paid out to its stuckhoia
ers nearly half a million dollars, and
there is no reason why Cartersville
should not do as well. To be more
liberal to our association I would
say that it will require ten years
within which to mature stock. How
ever, it is provided by oui association
that any stockholder may pay any
sum in addition to his monthly ins
tallment and this sum will participate
in dividends from and after the date
of its payment, such payment will of
course advance the maturity date of
the stock upon which payment is
made.”
“What will the profit be in such an
investment?”
“If the stock matures in ten years,
.as we have reason to believe it will, a
subscriber will have paid in #6O, and
his profit will be #4O, or #8 00 per
year for the average time the associ
ation has had his #60.”
“That seems good enough for one
who does not borrow, but what of
one who does?”
“As loans are maile only to mem
bers of the association every member
derives the same benefit from his
stock. The borrower pays in addition
to his dues of fifty cents per share
per month eight per cent, interest
per annum in monthly payments on
the amount borrowed until his stock
matures, at which time his stock is
used to repay and cancel his loan.
“Can a man build a home and pay
for it in monthly installments at as
small cost as rental'.'”
“I would answer this by illustration;
In addition to the saving of $2.00
each year the borrower will have an
asset amounting to the ' value ot his
stock in the association, this being
the amount paid on account of stock
plus all dividends declared. Divi
dends will be declared semi-annually
by the association.”
“By tiiis means the borrower will
have had his home free of rent all the
time and at maturity of his stock his
home will be free trom incumbrance,
thus enabling him, with the money
he would pay out for rents, with
small monthly instal'ments, to
provide a home for his family.
“Can a person withdraw from the
association.”
“Yes one may withwraw at an}
time and the association will repa\
to him the amount of his dues paid
in,together with all dividends declar
ed by the association at the time of
his withdrawal."
“What about the expense of the
association.”
“Every precaution possible has
been taken to provide an economical
management for the association.
The secretary and treasurer will be
The Cartersville News
the only salaried officer. A board of
seven directors, to be elected an
nually by the stockholders, will pass
upon all loans and generally super
vise the finances of the association.
They will serve without compen
sation. The Dalton association
adopted this plan upon their organ
ization and have continued it until
now and their success is an apt
illustration of the possibilities in
store for our association.”
It should be remembered that this
association is not like the foreign
loan associations, that have down
business with some of our people,
under the guise of building and
loan associations, wnose officers
must have large salaries.”
“What do you think of Cartersville
as a field for such an association?”
“We have the best town of its size
in the state. I was born and reared
here, and the spirit of activity is now
greater than I have ever seen. What
we most need at the present time is
unity of sction, and by the combined
effort of action and capital in this
Association we can lend a helping
hand to every young man in the
city who desires to acquire property;
we can offer to the older men an op
portunity to assist in the work of
upbuilding our city by placing their
money in a safe investment; and can
by combined effort of the young
and old men of our community
make our citizens, unlike the ma
jority of cities, as people who have
the interest of the city at heart, in
that they are property owners; and
lastly we can afford for our good
wemen the best of all places, a home.
This is a suoject in which every
person should take an active interest,
as the success of this enterprise
means much to our city, and being a
mutual organization only unity of
action can make it a success. We
will put this matter actively before
our people in a few days, and I will
take pleasure in explaining fully the
plans of the association to who
are interested.”
TABERNACLE MEETING.
Opens in May—Bishop Candler, Revs. Stuart
and Thompson to be Present.
The tabernacle meeting comes this
year in May. The usual time is Sep
tember. It remains to be seen how
the change will work. May is a busy
time with the farmers, but it gener
ally furnish is the finest weather cf
the year.
There is no need for anxiety about
the crowds. The fact that Sam Jones
is to conduct the meeting settles the
matter of a crowd. He never fails to
draw, whether at home or abroad,
and the folks will come, either in
May or September.
But besides Sam Jones there are to
be several celebrated preachers and
singers. The list Is not yet complete,
but Bishop Warren A. Candler, of
Atlanta, Rev. George R. Stuart, of
Cleveland, Dr. W. E. Thompson, of
Memphis, as preachers, and E. O.
Excel and Charlie Gabriel as singers
are enough to guarantee a rich pro
gram and a glorious time.
The meeting begins on May 12, and
the News will be able to print the
full details next week. In the mean
time Cartersville can be getting
ready for a great gathering of people.
City Court Jurors.
The following is a list of jurors for
June term, 1905, City Court of Car
tersville :
J. M. Cox, Cassville.
W. W. Donald, Pine Log.
T. R. McKelvey, Cassville.
T. W. Simpson, Cartersville
J. P. Alexander, Cassville.
W D. Fowler, Cassville.
W. T. Upshaw. Pine Log.
M. L. Johnson, Cassville.
John H. Stepp, Taylorsville.
Joe B. Jenkins, Wolf Pen.
Thos. P Watson, Cartersville.
J. A. Whitesides. Taylorsville.
,T. C. Fink, Cartersville.
Ernest W. Smith, Cartersville.
C. M. AdcocK, Adairsville.
Charles A. Moore, Allatoona.
11. H White, pine Log.
The News in Adairsville.
The News is pleased to announce
that arrangements have been made
with Miss Bessie Anderfon, the very
efficient correspondent of this paper
at Adairsville. to receive subscrip
tions and receipt for the g mie. Any
one at or near Adairsville desiring to
eubscribe for the News will kindly
call on or notify Miss Anderson and
be assured of prompt attention.
CARTERSVILLE, GEORGIA, THURSDAY, APRIL 27. 1905
EASTER SERVICES.
New Baptist Church Holds
Great Meeting.
FIRST THAT IS HELD.
Talks by All the Pastors and Rey-
Sam Jones, the Evangelist-
Progress of the Work-
The Easter servich in the new Bap
tist churoh last Sunday afternoon
was a marked success. The congre
gation was immense and the exercises
impressive. Temporary seats had
been secured from the tabernacle and
the people were made quite comfort
able.
All denominations joined in the
service and the various city pastors
had a part in the program. Rev. G.
W. Duval read the scriptures ; Rev.
W. A. Cleveland made the opening
prayer ; Rev. J. E. Barnard f. ave u
history of the work already accom
plished, the contributions already
made and what would be required to
complete and furnish the church ;
Rev. Sam P. Jones mad° a humorous,
unique and strikingly interesting
talk and took a collection; Rev. Geo.
W. Cates, the evangelist, made an
earnest prayer, and Rev. A. J. Mor
gan, of Aewor h, pronounced the ben
ediction.
Much interest was felt in the state
ment made by Pastor Barnard its to
the work already accomplished and
what would be required to finish and
furnish the building, It appeared
that #13,000, in round numbers, had
been expended to date and that the
building committee had on hand in
cash and subscriptions about #I,BOO.
All obligations to date have been
promptly met. It is estimated that
#6,000. in addition to the $13,000 al
ready spent, will finish the church,
buy the seats, pay for the carpet and
furnish it in every detail.
This information was listened to by
the large congregation with intense
iniewest. At Its conclusion Mr. Jones
arose and took up the subject in his
quaint, quiet way, congratulating the
pastor of the church and the .ioble
people who had accomplished so
much. He put the audience in a good
humor and kept them so from start
to finish. Mr. Jones asked for a free
will offering and the responses in the
shape of pledges came thick and fast.
The result was about #6OO in cash
and SI,BOO in pledges. This leaves
less than $2,000 yet to be raised in
order to complete and fully equip the
church. The showing and results of
the Easter meeting in the new church
were certainly gratifying. The Car
tersville people are getting into the
habit of doing things in a large and
generous way.
THE SUNDAY SCHOOLS.
Fifteenth District Association to Meet in
Home April 28.
The State Sunday School Associa
tion has divided the state into fifteen
Sunday school districts and there
will be a convention of two or three
days duration held in each of these
districts. The fifteenth district com
prises the counties of Dade, Catoosa,
Whitefield, Murray, Walker, Gordon,
Chattooga, Floyd and Bartow. The
time fixed for this convention is Fri
j day Saturday and Sunday, April 28th.
29th and 30th, and the meeting will
be held in Rome.
Mr. Sam. P. Powers, Chairman of
the 15th district and his committee
are preparing to have a great con
vention on the dates above mention
ed. Tuey will have a very strong
program. Mrs. E. C. Cronk, of At
lanta, Major Geo. P. Butler, sec'y
of the state association, also Mr Geo.
Hains, pres’t of the stati association
together with a number of other
Sunday school workers will contrib
ute to the program of the different
sessions.
Every Sunday school worker should
• not fail to attend this most interest
ing and helpful convention.
Remember place and dates above
named and write to Mr. Sam P.
Powers, Rome and tell him that you
are coming.
Honors sit Wesleyau,
Miss Ethel Walker, the talented
j daughter of Mr. John Henry Walker,
, of (.'ass Station, is winning honors at
| Wesleyan College at Maco . Hei
friends will be pleased to learn timi
she is one of the five honor memberr
in a class of thirty one, composed of
students from many states.
[ Her class standing is high and sli
is popular with faculty and student-
The five who stood first in the class
are: Misses Ethel Walker, Opheli.
Smith, Lizzie Neal Rogers, Eiois<
Mr on and Margie Burks.
THE ODD FELLOWS.
Eighty-ninth Anniversary
of Order Celebrated.
HELD AT TABERNACLE.
Fine Dinner, Entertaining Speeches
and Good Music Make Up
Program.
The 86th Anniversary of Odd Fel
iowship was celebrated by the Car
tersville Lodge, No. 142, at the tab
ernacle yesterday.
The crowd was large and a delight
ful program was presented. The
music was especially line. A cordial
and informal address of welcome
was delivered by Judge A. W. Fite,
which was happily responded to by
Rev. w. A. Cleveland.
The principal address of the day
was made by Hon. J. A. Hyndes,
of Atlanta, past grand master of the
order in Georgia, which was chaste
and eloquent.
The basket dinner on the ground
was abundant and most hospitably
served.
Dr. Howard E. Felton was master
of ceremonies and discharged, his
duties with grace and diginity. The
day was one of many delightful
features.
Odd Fellowship is strong in Bar- 1
tow County. F. M. ednith is noule
grand of the Cartersville Lodge.
R.P.Eaves, vice grand, Z. M. Jackson,
secretary, H. L. Adams, trustees are
A. L. Brevard, G. W. Young and
Paul Gilreath. The commit.e 3 on
arrangement, for yesterday's anniver
sary were W. E. Smith, C. M. Milam,
A. S. Brevard, G. W. Young, H. E.
F< Iton, R. P. Eaves, T. P. Tedder,
F. M Smith and W. Akerman.
PINE LOG COLLEGE.
ConimeoCßOicnt Exercises Interesting and Weil
itptqde i Monday and Tuesday.
The amount exercises of
tlie i’i&j- Log college were held on
MnfiJyfcgip'&i'Hesday of this week.
i*. tO-tided and a pro
gram of uhnsual interest was pre
sented. 011 Monday night addresses
were delivered by Judge A. W. Fite,
of Cartersville, and Hon. Sam P.
Maddox, of Dalton.
The Pine Log college, under the
wise and successful management of
Prof. Chesley B. Vincent, is now one
of the best institutions of learning in
north Georgia. Its influence in the
community has been wholesome and
elevating. No better people can be
found anywhere than the citizens of
Pine Log.
The new railroad will run within
about one mile of the college, which
brings it in easy touch with other
communities and yet saves it from
the noise and confusion incident to
railroad traffic. The influences and
surroundings of this school are con
ducive to study and refinement. The
college was never in a more prosper
ous condition than now, and has a
fine future before it.
“boun dove k
Henrv Duncan is Held Under Serinus Charge,
to Appeal Before Grand Jury.
H nry Duncan, a young white man
about twenty-three years of age, was
tried before Justice George Cobb, at
the court house, last Monday under
the charge of burning the barn of
Mr. Jim Hammond, near Stilesboro,
last December. He was held for ap
pearance before the grand jury, under
S3OO bond. The principal witness
against young Duncan was Mrs. El
rod, a white woman, living near
Sugar Hill, who testified to some
damaging admissions made to her by
the boy. The evidence of guilt, while
sufficient to hold the defendant on
preliminary trial, was not considered
at all conclusive. His reputation, it
is said, has heretofore been fairly
good and considerable sympathy is
now felt for him. Mr. Hammond is
one of the best citizens of the county
and sustained a heavy loss by the
fire. Solicitor Sam P. Maddox repre
sented the state, and the defendant
was represented by Col Thomas C.
Milner. The trial attracted quite a
■rowd to tile court house aud con
sumed most of the day Monday.
Cli ;ti g- of M h< dull*.
Slight changes have recently been
made in the schedule of the W. A A.
railroad. Passenger trains going
south now pass Cartersville at 5.29
1. 111., 9.57 a. m. and 553 p in. Those
going north pass Cartersville at 10.
-4, a. m., 6.30, p. 111. and 10. 31 p. in.
’hange in effect after April 9,1! 05.
Messrs. George W. and Frank F.
tatterfi-ld spent last week with Maj.
McCroskey, at his beautiful home in
•liirray county, at the foot of the Co
utta mountains.
WHAT OF COTTON
HOLDING MOVE?
Farmer Thinks Reduction Will Be at Least Twenty
Per Cent. —Fictitious Showing: As to Tags.
NEW BANK.
Prosperous Taylorsville Citizens Organize
Bank and Prepare for Business.
Taylorsville is to have a bank.
That is now a settled fact. A meet
ing was held in Taylorsville last Sat
urday and the preliminary organiza
tion effected.
W. S. Witham, of Atlanta, is the
promoter and will be president. The
cashier has not yet been selected.
Many prominent citizens of Taylors
ville are stockholders. Also several
Kingston men are subscribers.
The new bank will start with a
paid-in capital of $15,000, and will be
known as the Bank of Taylorsville.
A bank building will be erected at
once and the bank open for business
before the first of July.
The News has not been able to se
cure the names of all the subscribers
to the capital stock, but they are
among the best men of Bartow coun
ty. Warren A. Dodd, A. O. H. Davis,
W. D. Trippe, J. B. Davis, J. P.
Davis, A. G. White J. W. Kennedy,
L. W. Jolly, W. E. Puckett, J. M.
Dorsey and N. B. Anderson are
among the stockholders.
It was no trouble to secure local
stockholders. In fact, the stock was
oversubscribed the first day. Tay
lorsville is now acknoweleged to be
one of the most prosperous and pro
gressive communities in north Geor
gia, and the new bank will do a good
business from the beginning.
MEMORIAL DAY.
Gen. Clement. A. Evans lo he the Orator of
the Day at Cassville.
Next Saturday, April 29, at 2:30
o'clock the annual confederate memo
rial service and decoration of soldier’s
-raves will occur at Cassville.
General Clement A. Evans, of At
lanta, and Rev. John E. Barnard, of
Cartersville, will be present and make
addresses.
The exercises will be in charge of
' the Ladies Memorial Association, of
which Mrs. W. A. Chunnis president,
and Mrs. Rebecca Fariss Crow is
secretary.
Camp P. M. B. Young, of confed
erate veterans, is requested to be
present in a body as guests of honor
and take in the exercises.
The Bartow Chapter W. D. C. is
also cordially invited and* kindly
asked to take part.
The fact that General Evans is to
attend will cause every old confed
erate in Bartow county to feel a
special interest in this always impor
tant and impressive service.
The people of Cartersville can eas
ily drive to the Cassville cemetery
after dinner Saturday, and it is ex
pected that many will go.
General Evans will preach at the
Cassville Methodist church on Sun
day morning and all veterans are in
vited. Cassville is honored in having
such a guest and nothing will be left
undone to meke his stay enjoyable. |
Let everybody attend the decora- j
tion on Saturday.
Thanks to Sclieuer.
Bartow chapter Daughters of th *
Confederacy desires to publicly ex
press its many thanks to Scheuer
Bros, for their generous donation of
$35 to the monument fund. This en
terpiismg firm gave 3 per cent, of all
its cash sales during an entin w ek,
including two Saturdays, to the cause
that *acl> loyal citizen of the county
should consider it a privilege to as
-i-t. It also'advertised the sal * and
,; - purpose .n a half page of the
N vs, sent out circulars and posted
-1 luted placards ir conspicuous
p aces. It was not the fault of the
firm that the amount netted for th-
Ifau -hters did not reach the hundred
dollar mark.
Seheuer Bros, and Greene Drug .0.
nave shown mucti z-al in the patri
otic undertaking of the Daughters,
“That our children and their children
May keep the lceord hritrl.t.”
Baptist General Meeting.
The general meeting of the Middle
Cherokee Baptist Association will be
held this year with the church at
Crow Springs, beginning Friday of
this week and continuing through
Sunday.
This association covers a large ter
ritory in which the Baptists are very
strong, and it is expected that the at
tendance at Crow Springs will be
large.
Ample arrangements have been
111a !e to entertain the crowd and a
warm welcome awaits visitors. Many
will go up from Cartersville.
Old Series—2stli Year
The News has stood squarely with
representative farmers in advocating
reduction of cotton acreage. That
seemed to us the only sensible solu
tion of the cotton situation.
But at this time it is not clear what
the pledges and promises heretofore
made will amount to. At one time
the prospect for a twenty-five per
f ei.t, reduction seemed encouraging,
but recent reports of fertilizer
sales, and more recently of actual
cotton planting, do not seem to bear
out the earliest pledges.
During this week we have sought
expressions of opinion from several
farmers with a view of giving our
readers the real facts. There is a
diversity of views among men who
are supposed to be well informed.
Ibe consensus of opinion, however,
is that the redaction will be slight.
Some even say that the cotton ac
reage this year will be as large as
last.
But one very intelligent citizen of
Adairsville, who has recently trav*
eled in a buggy over much of Bartow,
Floyd, Gordon, Chattooga and Walk
er counties, and has carefully watched
the crop situation, insists that cot
ton acreage in north Georgia will be
reduced fully twenty per cent, and
that corn, vegetable and forage crops
wib be increased accordingly.
This Adairsville citizen, who is a
most intelligent observer and has
been engaged in farming all his life,
but prefers that his name should not
be used, advances a theory that seems
to have point, and is worth careful
consideration.
“I believe,” said he, “that there is
a well considered scheme on foot
right now to ifeuc the farmers who
are holding cofron and dupe them
into selling at present prices. These
reports of guano sales are based on
the sales of tags and not on sales of
fertilizers.
“The fertilizer people were all
along opposed to the plan to reduce
acreage, which meant a reduction of
fertilizers. 1 believe the cotton bears,
who are short on cotton and must
have it at any cost to meet outstand
ing contracts, have got in behind the
fertilizer people and are working a
scheme, through these reports of im
mense tag sales, to panic the farmers
and cause them to sell their cotton
anticipation of lower prices when
the reports of crop-planting are all
in. ;
“I don’t believe the actual sales of
fertilizers are nearly so large as these
tag reports would indicate, and I
don’t believe the cotton acreage will
be anything like as large as last year.
These cotton gamblers and specula
tors have schemes to outwit the farm
er that he never dreams of. They
are awake and thinking when he is
asleep. They never know when they
are whipped, and never quit the
fight.
“The farmer was holding his cotton.
He had pledged himself to reduce
production and continue to hold un
til the price advances. He was act-'
ing in good faith and actualy plan
ning to carry out his pledge; when
suddenly the spe< ulators get in be
hind the fellows who furnish the
tags, and the reports go out that
fertilizer sales are increased and that
cotton acreage will exceed last year’s
crop. The farmer gets panicked,
looses faith in his fellow-farmers
concludes that another big crop is
coming, .and naturally decides to
quietly unload his present holdings.
Cotton begins to move, the specula
tors are able to meet their contracts
and the poor farmer pockets another
loss.
“I may be mistaken, but I have
seen the farmers fooled so often that
I am never surprised when they are
fooled again. Fin sorry for them,
and sorry for myself, but I still hope
the time will come when weean stand
together and win our fight against
the speculators. I don’t believe the
guano sales art- as large as last year
and I know the cotton acreage in
until Georgia is material] v reduced ”
red >i ;ii
Just as the News goes to press it is
learned vtli.at Mrs. Eulia Attaway
Thomas, one of the best known and
nost popular ladies in Cartersville,
ws married today in Marietta to
Author R. ( oilier, the stranger who
has been attending the pr dracted
meetings at the Baptist church iu
Cartersuille for the past two weeks.
It is said that Mrs. Thomas and Mr".
Collier left Cartersville this morning
in a buggy and it is supposed they
drove through the country to Mari
etta where it is said the marriage
occurred. The announcement has
•reated a sensation in Cartersville.